Brand Engagement Network Extends Acquisition Timeline Again

Brand Engagement Network ( (BNAI) ) has issued an announcement.

On October 29, 2024, Brand Engagement Network Inc. entered into a Share Purchase and Transfer Agreement to acquire all outstanding equity interests of Cataneo GmbH from Christian Unterseer, CUTV GmbH, and CUNEO AG for $19.5 million. The acquisition includes $9 million in cash and 4.2 million shares of the company’s common stock. The agreement has been amended twice to extend the timeline for closing the acquisition, with the latest amendment on May 26, 2025, allowing temporary suspensions of the sellers’ withdrawal rights until June 30, 2025. As of May 30, 2025, the company has paid $550,000 towards the cash consideration. The acquisition’s completion is subject to various conditions and risks, including obtaining necessary financing and regulatory approvals.

The most recent analyst rating on (BNAI) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Brand Engagement Network stock, see the BNAI Stock Forecast page.

Spark’s Take on BNAI Stock

According to Spark, TipRanks’ AI Analyst, BNAI is a Underperform.

The overall stock score for BNAI reflects significant financial challenges, including persistent losses and high leverage. While technical indicators show some neutral trends, the lack of profitability and negative valuation metrics highlight substantial risks. Strategic improvements in financial and operational aspects are crucial for future growth.

To see Spark’s full report on BNAI stock, click here.

More about Brand Engagement Network

Average Trading Volume: 298,092

Technical Sentiment Signal: Sell

Current Market Cap: $10.56M

Find detailed analytics on BNAI stock on TipRanks’ Stock Analysis page.